Unifi, Inc. (UFI) Tops Q4 EPS by 4c, Beats on Revenues

Unifi, Inc. (NYSE: UFI) reported Q4 EPS of $0.53, $0.04 better than the analyst estimate of $0.49. Revenue for the quarter came in at $171.3 million versus the consensus estimate of $165.18 million.

Fiscal 2018 Outlook

For fiscal 2018, the Company anticipates:

• Volume growth, assuming a stable raw material pricing environment
• Revenue growth in the low-single digit percentage range
• Operating income and earnings growth in the mid-single digit percentage range, excluding PAL
• Capital expenditures of approximately $35 million
• Effective tax rate in the mid 20% range

Financial Highlights

• Net sales increased to $171.3 million for the fourth quarter of fiscal 2017, compared to $163.9 million for the fourth quarter of fiscal 2016
• Basic EPS of $0.53 for the fourth quarter of fiscal 2017, compared to $0.57 for the fourth quarter of fiscal 2016
• Operating income of $13.0 million for the fourth quarter of fiscal 2017, compared to $13.9 million for the fourth quarter of fiscal 2016
• Net sales increased to $647.3 million for fiscal 2017, compared to $643.6 million for fiscal 2016
• Basic EPS of $1.81 and Adjusted EPS of $1.90 for fiscal 2017, compared to $1.93 and $2.01, respectively, for fiscal 2016
• Fiscal 2018 outlook of low-single digit revenue growth and mid-single digit earnings growth (exclusive of Parkdale America, LLC)

Other Highlights

• Kevin Hall named as CEO and elected as a member of the Board of Directors, effective May 19, 2017
• Cash position increased to $35.4 million, while net debt decreased to $94.0 million
• Premium value-added (\"PVA\") product sales reached 40% of the consolidated portfolio for fiscal 2017
• Recycling operations contribute to portfolio growth and diversification

For earnings history and earnings-related data on Unifi, Inc. (UFI) click here.

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